The Moment Has Arrived, But Will There Be Magic?

Finally, the SPY rolled over and we closed below the 50 SMA of 1659 - a monumental paradigm shift for the Semi-Bears...

Throughout the trading week, I took one for the team a few times too many, but we may finally get the momentum going with the Weekly Chart Watchers presumably coming in to intensify the selling.

I close the day in the red, with my CRM puts being sold down to virtually worthless, but some of my puts have started bringing in the green.  A directional move to the downside will turn my portfolio around big time.


-0.66% SBA
-1.46% Roth IRA

-0.21% DJIA
-0.84% Nasdaq
-0.32% S&P 

-1.08% FTSE
-1.00% Eurofirst
-0.53% Nikkei
+0.06% Shanghai
+1.19% SENSEX
+0.12% Hang Seng

-1.00% WTI
-0.91% Brent
-1.41% Gold
-0.49% Copper
00.00% Corn

-1.14% DJT
+3.51% VIX

-0.07% 10-Year US Treasury Notes


29% Advancing Issues on NYSE                       |   29% Up Volume
69% Declining Issues on NYSE                        |   70% Down Volume
2% Unchanged                                             |   1% Unchanged
18 New Highs   |   53 New Lows

22% Advancing Issues on Nasdaq                    |   18% Up Volume
75% Declining Issues on Nasdaq                     |   81% Down Volume
3% Unchanged                                             |   1% Unchanged
38 New Highs   |   28 New Lows